Articles

Small Business Loan Canada | OnDeck

How to Get A Small Business Loan in Canada

Are you looking to obtain capital for your existing business or start-up in Canada? If you are, you are not alone.  According to the Government of Canada, by the end of 2015, 31% of businesses had applied for financing at some point that year.  People look for financing for a number of different reasons that…

A comprehensive guide to small business loans

Small Business Loans Many small businesses rely on borrowed capital to fuel growth and other initiatives. Depending upon the nature of the business need, a business’ credit profile, time in business, whether or not the business has adequate collateral, and other factors, there are more small business loan options available today than ever before. The…
Business-strategy-blog- OnDeck

6 steps to help you think more strategically

Building a Business Strategy for 2019 Thinking strategically and building a business strategy is an important exercise for all businesses—large and small. Unfortunately, many small business owners aren’t sure where to start, how a more strategic approach will impact their business, or if it’s even worth the time away from the important work of meeting…
budgeting for the new year | OnDeck

Small business budgeting for the new year

Even if your business is not what is typically identified as a “seasonal” business, your business likely ebbs and flows with seasonal fluctuations—at least that’s been my experience over the last 35 or so years. Fortunately, after a couple of years at the helm of your business, those fluctuations can be anticipated; making it possible…
Short-Term-Financing-Recap - OnDeck

All you need to know about short-term loans: A quick recap

When you’re beginning your research into financing for your business, there are a lot of items you need to consider. The most common question is ‘what type of loan should I get?’ There’s a myth out in the business world that it’s best to get the most amount of money for the longest payback period…
Cash Flow for Small Business | OnDeck

Cash flow: What business owners should know

Cash flow is the lifeblood of every business. Without cash, it’s hard to purchase inventory, pay employees, and ultimately keep the doors open. In fact, according to PreferredCFO.com, 82% of small businesses fail because of poor cash flow management skills or a poor understanding of cash flow. “While there are multiple factors to consider with…
4 Ways to Recover From A Rejected Loan Application | OnDeck

4 ways to recover from a rejected loan application

Most small business owners don’t jump into their entrepreneurial dream because they are experts at financing a business. As a result, it’s not uncommon for a loan application to be rejected. Sometimes it could be the creditworthiness of the business, the criteria of the lender, or simply not completely understanding what the lender considered when…
Get-Smart-About-Your-Business-Credit-Profile | OnDeck

Your Credit Profile: Are You Smart Enough?

Today is Get Smart About Your Credit Day. As a small business owner, you don’t need to be a credit or finance expert, but in today’s world, it’s critically important that you have a strong foundation of credit knowledge and are vigilant in your efforts to build and maintain a strong profile. Every small business…

Business Isn’t Personal—Nor Should It Be

For many reasons (particularly in regard to credit), business and personal don’t mix. Although many entrepreneurs capitalize their early-stage startups with personal funds—they might use their home equity, personal savings, or personal credit cards to get things off the ground

Financing Options for a Startup

With no history, no track record, and no revenue, borrowing capital for a startup can sometimes feel like searching for the Holy Grail. Nevertheless, there are options, but they might not be where you expect.